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In May 2007, the legislature modified the franchise tax by enacting a modified gross margin tax on certain businesses (sole proprietorships and some partnerships were automatically exempt; corporations with receipts below a certain level were also exempt as were corporations whose tax liability was also below a specified amount), which was ...
In 2025, the minimum wage for other workers in the state will be raised to $16.50. Here are the states that will boost their minimum wage at the first of the year, and how much workers will be paid:
In California, the state minimum wage as of January 1, 2024 was $16 per hour. [6] [note 1] As of July 2024, California had the highest minimum wage of any state and was the highest in the country except for some part of New York (which also have a $16/hour minimum wage) and the District of Columbia (which has a minimum wage of $17.50/hour). [9]
The average Social Security benefit is expected to be about $1,976 per month for retired workers in 2025. That amounts to about $24,000 per year, but most retirees won't get to keep that much.
Cook County: $14.05 since July 1, 2024 eventually aligning with Illinois' statewide $15 minimum wage by 2025. The base wage for tipped employees is $8.40 since January 1, 2025. [234] However, a large number of municipalities located within Cook County have opted-out of the county-level minimum wage ordinance. [235] Indiana: $7.25 [236] $2.13 ...
Voters in California have rejected a ballot measure that would have raised the state minimum wage to $18 per hour by 2026, the highest in the country. Opponents, including the California Chamber ...
The Fairness Project's focus for 2016 was a campaign to improve minimum wages. The campaign initially focused on three regions: Maine, California, and Washington, D.C., whose 2015 minimum wages were $7.50, $9.00, and $10.50 respectively.
The 2025 increases will be followed by another $0.50 increase in 2026. The state agreed to a statewide minimum wage of $15 as part of the 2016-2017 state budget. It called for the increase to take ...